Costanza is suing for unspecified damages, and part of the suit includes Paramount destroying all material based on any of his concepts. Meanwhile, Paranormal Activity 5 is scheduled to be in theaters on October 25th.

The most recent flick in the franchise, Paranormal Activity 4 was made with a $5 million budget, and pulled well over $53 million at the domestic box office, making the flick a pretty big success. If you missed it, and you’d like to get on board for some good, old-fashioned scares, you’ll be able to catch Paranormal Activity on Blu-ray and DVD beginning on January 29.

Mistakes happen in movie theaters on time-- films start late, the house lights don't go down on time, and in places that are still showing actual film, sometimes that film catches on fire. But it's rare that a mistake happens that so drastic it sends the audience actually running for the exits, with children screaming in horror

With Paramount already planning on Paranormal Activity 5 and set to unveil a Spanish-language spin-off next spring, I began to wonder, where the franchise will go from 4, and where it needs to go to get back on track. Obviously, this discussion will focus on specifics of Paranormal Activity 4, so MAJOR SPOILERS lie ahead.

At this point a new Paranormal Activity movie is pretty much synonymous with the arrival of fall weather and Halloween, so it would be more surprising if Paramount had decided not to make another movie in the franchise, especially given the heavy-duty $30 million it's estimated to have made this weekend. But Paramount has put a twist in the usual formula of green lighting a sequel

Though the Paranormal Activity franchise remains undeniably strong, and the fourth installment in the series will come in at #1 at this weekend's box office, the micro-budget horror behemoth is showing some signs of wear this weekend. Paranormal Activity 4 made $15 million on Friday, based on estimates, and is on track for a $34 million weekend

The Paranormal Activity movies are famously made for almost no money, so when each of them regularly opens to multi-million midnight showings, they've made back their production budgets before they've even officially opened. At the same time, though, the midnight opening of Paranormal Activity 4 can be considered something of a disappointment

Paranormal Activity 4 is being digitally re-mastered with a reworked sound and image quality suitable to the immensity of IMAX presentation. While the film will open nationwide October 19th, kicking off with sure to be spirited midnight screenings, its IMAX version will launch at about 300 locations as early as October 18th at 9PM. So keep all this in mind while deciding on which Paranormal Activity 4 ticket you want to buy.

While it's a strategy that has been around for decades, the Paranormal Activity franchise has made great use of the audience reaction trailer. Each film thus far has had at least one preview that would replace footage from the actual movie with just footage of people screaming and shrieking at early screenings. It's helped make the last three movies become blockbuster hits and now it's Paranormal Activity 4's turn.

Back in April we learned that Paranormal Activity producers Jason Blum and Oren Peli were teaming up with Paranormal Activity sequel writer Christopher Landon to create a Latino-themed version of the horror sensation that would serve as a "cousin" to the other movies. Well, apparently we may be getting our first taste of that project this month.

For a while it just wasn't Halloween unless a new Saw movie was getting ready to enter theaters. Every October movie-goers would carve out at least one October evening to go see the latest work of the serial killer known as Jigsaw, watching him put victims in ironic, contrapasso torture devices that reflected their sins. But since 2009 the color of the guard has changed. While the Saw series didn't see its end until 2010, the new found footage franchise clearly took over as the king of Halloween...

We are now just a little over a month away from Halloween (I hope you have already figured out your costume!), and in the movie world that means only one thing: it's once again time for some more Paranormal Activity. Since 2009, when the first film in the franchise was released in theaters, every year we have gotten a brand new sequel and 2012 will be no different.

With the Paranormal Activity 4 trailer officially released, giving us some clues to speculate on as to the official plot for the found footage horror film, fans of the franchise have even more reason to celebrate the approaching sequel. PA4 is due to release in theaters October 19, however Paramount is setting up a promotion that will bring the film to 25 cities around the world ahead of its scheduled release.

This October, Paranormal Activity fans will have reason to return to the theaters again as the fourth installment in the popular found-footage horror franchise is set to arrive, delivering the next chapter in the spooky story. The previous two Paranormal Activity sequels took us back in time, with PA3 driving us all the way back to the 80's. Based on the trailer for the fourth film, which just made its way online, PA4 will take us back to the present… more or less.

Despite being a prequel, Paranormal Activity 3 fared well with critics and audiences, spurring Paramount to rush into Paranormal Activity 4 with both Joost and Schulman returning to helm. However, aside from Katie Featherston reprising her role as the franchise's freaky final girl, little else is known about where this latest demon-centered horror flick will take us.

The next installment of the Paranormal Activity has locked in a writer, and it’s someone who is no stranger to found footage horror. Zack Estrin, whose current work you’ve seen on ABC if you’ve been watching The River, is reportedly penned a deal to pen the fourth Paranormal Activity film.

The Paranormal Activity franchise hasn't yet established continuity when it comes to the folks sitting in the director's chair. The first movie, of course, was directed by Oren Peli (who has served as a producer on the two films that followed), but Paranormal Activity 2 was made by Tod Williams, while Catfish filmmakers Ariel Schulman and Henry Joost were put in charge of Paranormal Activity 3.

Earlier this week we learned that the Paranormal Activity franchise would be getting another sequel this year. The obvious prediction for the release date for the horror film would be somewhere near Halloween, which is when the earlier films made their way into theaters. Sure enough, the announced date does fall into that timeframe...

So once again I pose the question: where does the franchise go from here? In my previous post, I suggested a straight up sequel, following a new family, or even possibly (but not likely) abandoning the found footage format? But where do you think that they should go with Paranormal Activity 4? Leave your thoughts, feelings and ideas in the comments section inside.

This past weekend Paranormal Activity 3 set a whole slew of new records. The movie now holds the top spot for midnight opener for a horror film (bringing in $8 million), best opening day for a horror film in the US ($26.2 million) and best opening for a October/fall movie ($54 million). What makes it a true success, though, is that the whole movie cost only $5 million to make...